Shopping centre specialist Sonae Sierra will showcase architectural models of three current projects in Romania, Germany and Italy during the Expo Real trade fair in Munich. Sonae Sierra's team of experts will present interested parties the three projects which are in various phases of completion and each represents special challenges in terms of development and construction.
Shopping centre specialist Sonae Sierra will showcase architectural models of three current projects in Romania, Germany and Italy during the Expo Real trade fair in Munich. Sonae Sierra's team of experts will present interested parties the three projects which are in various phases of completion and each represents special challenges in terms of development and construction.
In Romania, a shopping centre with 55,500 m2 of space is being constructed in Craiova. The project represents an investment of EUR 139 mln and will open its doors in 2012. Sonae Sierra reinforces this way its presence in the Romanian market, where it arrived in 2007 with the acquisition of the centre River Plaza Mall.
From 2011, Sonae Sierra plans to construct the Neue Mitte shopping centre in the town of Garbsen near Hanover. The project comprises 110 rental units and - as a modern market place opposite the Town Hall building - will provide residents with what they have been lacking for long now: a proper town centre.
In Italy, Sonae Sierra, in partnership with ING RE, is building Le Terrazze shopping centre, which offers 39,100 m2 of space planned to open in 2011.
